FedDev — Funding for businesses in southern Ontario

📋 Eligible Entities - Incorporated businesses operating in southern Ontario - For-profit corporations with a established business presence in the eligible region - Businesses must demonstrate growth potential and viable operations - Sole proprietorships and non-incorporated entities are not eligible - Non-profit organizations are not eligible under this program ### 💰 Funding Details - Minimum contribution: $125,000 per project - Maximum contribution: $10,000,000 per project - Interest rate: No interest charged - Repayment structure: Repayable contribution (loan-based, not a grant) - Matching requirements: Not specified in program description; verify with FedDev - Repayment terms: To be confirmed with application; standard government contributions typically feature flexible repayment schedules ### 🛠️ Approved Expenses The program description does not detail specific approved expense categories. Typical FedDev contributions support: - Business expansion and growth initiatives - Capital investment and equipment - Technology adoption and digital transformation - Working capital for scaling operations - Market development and business development activities Note: Submit a detailed project proposal to confirm eligible expenses for your specific initiative. ### ⚠️ Conditions & Milestones - Geographic requirement: Business must operate in southern Ontario - Incorporation status: Must be a legally incorporated business - Repayment obligation: Funds must be repaid; this is not a non-repayable grant - Project-based funding: Each contribution is tied to a specific project with defined outcomes - Application process: Formal application and business case required - Performance milestones: Likely tied to project deliverables and growth metrics (specifics to be confirmed) - Reporting requirements: Ongoing reporting on fund usage and project progress expected Action: Contact FedDev directly to clarify repayment timelines, interest-free periods, and detailed milestone requirements.